If you are a fan of National Oilwell Varco (NYSE:NOV), then you are going to love its new spin-off Distribution NOW (NYSE:DNOW). Not only do investors get a truly unique investing opportunity in the oil and gas space, it will be under the guidance of NOV's former CEO Pete Miller who oversaw the transformation of NOV into the ubiquitous oilfield equipment manufacturer it is today. While it may not be a high margin opportunity as other oil services companies, but the opportunity that lies ahead more than makes up for it.

Find out why Fool.com energy bureau chief Joel South and fool.com contributor Tyler Crowe find Distribution NOW to be something worth putting on an investors radar screen by tuning into the video below.